EUR/USD 1W SHORT
Expect a drop the the 38.2% fibonacci retracement level by the week's end.
- channel highs on the weekly chart are followed by drops to the 38.2% retracement level
- EUR/USD was roughly at a channel high last week
Trade closed manually
The news of the fed's reduction of the interest rates reversed the trend, and the trade was closed for a loss.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.